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Aetna insurance - insuring the working
I watched several companies report earnings yesterday and most were in line with Wall Street expectations. One company caught my eye with their quarterly report that gave me as much insight into the overall economy as it did into the company's own personal outlook.
Aetna is a company that offers health insurance to working people. With all the prognosticators saying we are in a recession, we will be in a recession or we have been in a recession, Aetna shows me some evidence maybe things are quite as dire as most are telling us.
In a recession I would think an insurance company such as Aetna would be one of the first to have a downturn. A recession to me is a period of high unemployment, negative GDP growth and high inflation and so far I don't see any of these factors becoming overly excessive. In a recession you would expect Aetna's membership to be dropping as health care costs soar due to inflation and unemployment rises as companies lay off workers or to put freezes on hiring. With Aetna this just isn't the case as membership for their health care products is rising!
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